Iran will be allowed to sell oil immediately under Trump's new MOU - report

A proposed Memorandum of Understanding between the United States and Iran includes a provision that would permit Iran to resume oil and fuel sales immediately after the agreement is signed. The Wall Street Journal reported Tuesday, citing sources familiar with the deal, that the MOU also grants Iran access to essential banking, transportation, and insurance services to facilitate these sales.

The precise details of the MOU have been a subject of discussion since U.S. President Donald Trump announced the agreement on Sunday. While the parties directly involved in the negotiations are aware of the specifics, the broader details have not been made public. Notably, a source confirmed to The Jerusalem Post that Israel's request to review the agreement's text was denied.

Speaking at the G7 summit in France, Trump indicated that he would present the document's clauses to the media within a few days. The memorandum is reportedly scheduled for signing in Switzerland on Friday. According to documents seen by Al Arabiya English, the final agreement is expected to be adopted through a binding UN Security Council resolution.